We Merchant exporter, purchase the goods under the scheme of 0.1%.on Dec-2021, We have to export withing 90 days but due to covid-19 pandemic We were unable to export within 90 days. Till date we stocked the material. Now in Jan-2021, we fined buyer and want to sale in local market. can we sale on local market. ?
12 January 2022
Yes, you can sale in local market. The registered supplier shall not be eligible for the exemption (i.e. supply at concessional rate) if the registered recipient fails to export the said goods within a period of ninety days from the date of issue of tax invoice.
We sold the goods in local market with the normal rate of GST. what consequences faced by us. because we purchase the goods on 0.1% scheme and failed to export. We are unable to give export proofs to registered suppliers from whom we purchase the goods.